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20121222
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? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that all of that back and forth between senators reid and mcconnell, had that come out during market hours, the market would have reacted very differently. so far apart. i didn't hear anything in the way of compromise there. >> even before of the house meeting, marks were down 1.2%. that's noise but not really a panic. the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap this
for all of that. >> two of my faves so par. >> costume jewelry, shoes, michael kors, we love. they are unstoppable. we have some things that are very positive. >> the slowdown that we saw going into -- you yourself saw, what was the cause? >> the hurricane. the fiscal cliff. yes, people know what the fiscal cliff is outside of this arena. and the third is unseasonably warm weather. >> what about newtown? did that -- >> hard for us -- it had to have. i mean -- that's not something that we can monitor but common sense indicates -- retailers are saying that oh, my god, it did impact us. why not? and that wasp just in the northeast. that was across america. >> right. >> it was devastating. put them all together and it was challenge. >> i bet it made a lot of parents rethink material. >> absolutely. one would think. yes. >> now what? even if you see a pickup in sales afterwards everything has been discounted. this is not that good anymore. >> it is not as bad as you think. a lot of the discounts with retailers was planned. they planned it before they even went into the season. and
name was peg mullen. she wrote a book about the death of her son, michael mullen. the name of the book was "friendly fire." norman schwartzkopf was the battalion commander. he was so approachable to peg mullen, so human in his relations with peg mullen, who sought to find out how her son was killed in vietnam. he died from friendly fire, which, you know obviously meant he was killed within the confines of his own unit by shrapnel from american weapons fired. it was so impressive to read about then a colonel later to become norm an schwartzkopf general "time" magazine's man of the year who was so human. just that clip we just showed right then compared to a lot of military officials who we see on tv. an actual human being would could say i hope i don't make a mistake. things like that. interesting, at least to me. >> i think very interesting. i grew up -- i was in high school in part of the anti-vietnam protest, so he was a symbol. you kind of respected him. as you grew holder, you learned that you can politically be different and still respect the man. he was the kind of guy that would
in a minute. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laug hey! [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> rush of
of research for jk investment group and michael kujino who is with permanent portfolio fund. gentlemen, good to see you both. thanks for joining us. chris, it worked out perfectly for a stock like b of a which last year in 2011 was the worst performing dow component and this year it was the best performing dow component, so the dogs of the dow theory worked out that time, didn't it? >> right, he sure did, bill, and i think actually this one is going to be another darling for this year when you look out to 2013. it's interesting. the stocks almost doubled here in 2012 yet the analyst community has only 35% of their rankings in the buy category, so this one is a quiet performer. i think a lot of people were expecting regulatory environments to really play havoc with it towards the end of the year, and i think a lot of political capital will be spent on what's at hand right now obviously with the fiscal cliff, and obviously what we do with 2013, i don't think that you're going to see a lot of regulation questioned, asked during 2013. >> okay. >> i think this one is one stock that will benefit.
there in terms of jobs. >> reporter: michael would know since he used to run the state's employment development agency. california's unemployment rate dropped to 9.8% in november from 10.1% in october. the numbers haven't been this good since 2007. he says those numbers though are somewhat misleading. he says there are one million californians who have part-time jobs who would actually prefer to be working full time. they are the ones helping to bring the unemployment rate down making the market look better than it really is. >> they are employed but some are working 5, 10, 15 hours a week. that's a different type of employment. >> reporter: he says it's not bad for everyone. silicon valley is hiring if you have a certain skill set. >> even here in san francisco, even here, it's doing better than virtually everywhere else. you have a bifurcated economy. if you are a skilled programmer, if you have those computer skills, it's the greatest place to be on the earth. but for the rest of
economics. michael j. sandell, george w. bush, steve forbes all weigh in. and then at 9 p.m. craig whitney sits down with the former president of the brady campaign to prevent gun violence to discuss his book "living with guns: a liberal's case for the second amendment." watch these programs and more all weekend long on booktv. for a complete schedule, visit booktv.org. >>
in that community and elsewhere outraged. attorney and policy advisor michael barns joins me from washington to explain. good morning to you. >> good morning. >> gretchen: first of all, is this even legal for a newspaper to -- i know it's legal for them to get the public record information of who is license to do own a gun, but is it legal for them to post it for everybody else to see? >> the newspaper has the legal right to do so, but that doesn't mean that it is right to do so. in fact, i think that the newspaper's actions were very divisive as part of this community and also dangerous. publication of these names and addresses of individuals who possess guns gives them a list to any criminal of the houses who have guns in case they want to find a low security environment in which to go and steal weapons. new york has a problem with terrorist cells. so we also know which houses don't have guns. this is a severe danger to the community that this newspaper has brought about. >> gretchen: like i'm thinking, let's say now that somebody goes to rob one of these homes that they know they don't ha
self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ la ] hey! we've shaved a lot of that off. currently down 38 points. and be prepared for some of this as we get closer and closer to this 3:00 meeting between the president and congressional leaders because the headlines will start flying, are already flying to a large degree today. let's get to the cme group, rick santelli on the santelli exchange. rick? >> thanks, carl. coming into year end one of the big topics of course is housing. and rightly so. it's at the epicenter of what caused the crisis. many believe you're not going to see a solid economy in the u.s. until we truly get housing co
Search Results 0 to 8 of about 9